5 cents on monday?
It is truely a very sad world when we have come to this. Not all people are tainted bad. I personally know a number of very nice people.
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Brian Gaynor offers his deep insight:
http://www.nzherald.co.nz/best-of-bu...0630196&pnum=0
I would suggest that ALF shareholders should consider the competence of their directors in arranging and recommending such a value destroying deal.
Further, I would suggest the NZX change the listing code from ALF to ARF
I think that's a little unfair on Gaynor.
He's been a long-time critic of the poor regulation of the NZ finance/broking scene as anyone who knew him since his early years as a shareboker in Wellington in the seventies would testify. Not exactly welcomed into the establishment!
We can't expect him to be name-specific in his criticisms - unless of course we want to first indemnify him against legal actions - but readers of his columns over the years would have been left in no doubt as to his views on the potential problems in the finance company sector and the shortcomings of NZ markets in general.
Someone mentioned to me this statement once upon a time ...... "Sleep with dogs and you will eventually get fleas".
Allied shock at Hanover loan pardons
http://www.stuff.co.nz/business/3414...r-loan-pardons
[QUOTE=Dr_Who;295982]Someone mentioned to me this statement once upon a time ...... "Sleep with dogs and you will eventually get fleas".
You should have listened to them!!!!
ALF (or at least Allied Finance) have spent some of their hard earned cash in getting the naming rights for the Basin Reserve, home of NZ cricket
As a gesture of goodwill in making ex Hanover investors life miserable maybe they should do a deal with NZCC that if you produce evidence you are a ALF shareholder you get free admittance to Aussie test starting tomorrow
Ooops ... with tens of thousands of shareholders the ground could get to overflowing pretty quick ..... but I guess with only a few thousand paying guests anyway there would be more than enough room for all
Maybe a banner competition as well .... as long as you put the ALF logo on it the banner somewhere you qualify .... prize could be another 1000 ALF shares
Would a banner like 'Wish I had been screwed by Lara instead of by Hotchin' win ... or wouldn't Michael understand the full meaning
Any other banners I could use
I've been watching ALF since December 2009 when the Hanover deal was finalised.
The price has been fairly stable for most of the period, with initial support at 10c+ then, after the NZX announcement 'debacle', around 7.5c.
However, it has been drifting down, and based on nothing more than gut feeling (which probably translates into effectively a momentum analysis), it looks to me like it is heading down to a little less than 6c / share then stabilising there for a while.
I am not getting into ALF at this point as it looks like it will be cheaper within a reasonably short time, but I have no idea longer term.
What are your thoughts?
Alan.